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May 17 - 03:55 AM

AUD/USD - Buoyant As RBA At Last Dons Hawkish Hat

By Krishna K  —  May 17 - 01:40 AM
  • AUD/USD up 0.5% in Asia as RBA minutes hint at June rate hike nL2N2X902Z

  • RBA at last shifts to hawkish policy as Q1 inflation surged to 20-year peaks

  • Traders encouraged by fact that c.bank had considered a sharper hike in May

  • Q1 wages data eyed Wed, expected to show annual growth at decade high 2.5%

  • AUD also boosted by news Shanghai targeting June lockdown exit nL3N2X9076

  • Strong resistance at 0.7048-53, break opens 0.7100; support 0.6960-65,0.6925

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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